Farmers National Bank v. Peoples National Bank
Supreme Court of Pennsylvania
Appeal, No. 123, Oct. T., 1918, by plaintiff, from judgment of O. P. Allegheny Co., April T., 1918, No. 63, sustaining a demurrer to plaintiff’s statement in case of Farmers National Bank of Beaver Falls, Pennsylvania, v. Peoples National Bank of Pittsburgh. Assumpsit by a bank against another bank to recover for loss on a note alleged to have been caused by the negligence of its agents in failing to notify the endorser.
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Appeal, No. 123, Oct. T., 1918, by plaintiff, from judgment of O. P. Allegheny Co., April T., 1918, No. 63, sustaining a demurrer to plaintiff’s statement in case of Farmers National Bank of Beaver Falls, Pennsylvania, v. Peoples National Bank of Pittsburgh. Assumpsit by a bank against another bank to recover for loss on a note alleged to have been caused by the negligence of its agents in failing to notify the endorser. Before Brown, J. An affidavit of defense was filed in the nature of a demurrer which was sustained by the court. Plaintiff appealed. Error assigned was the order of the…
1Opinion of the Court
Opinion by
Mr. Justice Fox,
The Farmers National Bank of Beaver Falls was the holder of a note of D. A. Nelson and David Knight for $5,000, and there was deposited as collateral security for its payment, a note dated February 24, 1912, made by T. C. Hulings, payable to the order of T. N. Barnsdall and others, at the Second National Bank of Clarion, for a like amount. Shortly before the due date, this note was forwarded by the Farmers National Bank of Beaver Falls to its correspondent, the Peoples National Bank, at Pittsburgh, for collection. The Peoples Bank of Pittsburgh forwarded it to the…
2Cases cited2 opinions
- Merchants' National Bank v. GoodmanSupreme Court of Pennsylvania · 1885
- Farmers National Bank v. NelsonSupreme Court of Pennsylvania · 1917
3Cited by2 opinions
- Jacobs v. Mohnton Trust Co.Supreme Court of Pennsylvania · 1930
- Simon v. Peoples Bank & Trust Co.Supreme Court of New Jersey · 1936